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Answer Posted / mohd_ sikander
COSTOF GOOD SOLD (CGS)=
Opening stock ----------
Add; Purchases ----------
Add: Direct labour ----------
Less: Closing Stock ----------
Prime Cost ----------
Add: Op. Work in progress ----------
Less: Clo. work in progres ----------
Add: Factory overheads ----------
Factory cost -----------
Add: Admin. overheads -----------
Cost of production -----------
Add: Seling and destribuision
overheads -----------
COST OF GOODS SOLD (CGS) -----------
Profit -----------
Selling price -----------
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